Does Argentina have oil?

Does Argentina have oil?

Oil Reserves in Argentina Argentina holds 2,379,702,000 barrels of proven oil reserves as of 2016, ranking 33rd in the world and accounting for about 0.1% of the world’s total oil reserves of 1,650,585,140,000 barrels. Argentina has proven reserves equivalent to 9.2 times its annual consumption.

How much natural gas does Argentina have?

11 trillion cubic feet
Gas Reserves in Argentina Argentina holds 11 trillion cubic feet (Tcf) of proven gas reserves as of 2017, ranking 37th in the world and accounting for about 0% of the world’s total natural gas reserves of 6,923 Tcf. Argentina has proven reserves equivalent to 6.5 times its annual consumption.

What is oil used for in Argentina?

Oil requirements In Argentina, natural gas is mainly used in the electricity, industrial and residential sectors. Oil is the primary fuel used in the transportation sector. A smaller percentage of Argentina’s energy consumption is provided by nuclear, coal, and hydropower, which are used for electricity generation.

Does Argentina produce natural gas?

Currently, Argentina is Latin America’s largest producer of natural gas and the region’s fourth-largest oil producer after Venezuela, Mexico, and Brazil. The share of oil and gas in Argentina’s primary energy mix is much higher than the global average.

Does Argentina import gas?

Argentina imported 22.6 million cu m/d of gas in 2021 from Bolivia and off the global LNG market, up 13.6% from 19.9 million cu m/d in 2020, according to data from the Energy Secretariat.

Where does Argentina get its gas from?

As a result of lower production and higher demand over the past decade, Argentina has turned to natural gas imports to fill its supply gap. Bolivia is the source of virtually all of Argentina’s pipeline natural gas imports.

Where does Argentina import natural gas from?

Bolivia
Bolivia is the source of virtually all of Argentina’s pipeline natural gas imports.

Is Argentina rich with oil?

At 2.4 billion barrels, Argentina has the fourth-largest oil reserves in South America, and occupies the same rank for oil production in the continent, with a total crude output of 593,000 bopd in 2017.

Is Argentina rich in natural resources?

In addition, the country has rich mineral deposits of lead, zinc, iron ore, uranium, manganese, tin, silver, copper and tungsten, as well as salt deposits, and a significant supply of marble, clay, limestone and granite throughout the country, which it supplies to the construction industry.